Deployments · Paxos tokenisation platform · platform by Paxos

PAX Gold (PAXG)Updated 28 Oct 2026

A token issued by Paxos Trust Company, each backed by allocated gold held in LBMA vaults in London (Brink's and ICBC Standard Bank are named as vault custodians) and attested monthly, circulating on Ethereum and Solana. Paxos is an OCC-regulated trust company and custodian. Holders can redeem for London Good Delivery bars from 430 tokens, for unallocated gold (institutions) or for dollars. With about $1.8 billion outstanding in October 2026 it was second only to Tether Gold among distributed tokenised commodities on rwa.xyz.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled)^[2] — Freely transferable on public chains; $1.8 billion outstanding. · Reviewed 22d ago

Assets: Commodity title^[1]
Each token backed by allocated LBMA gold held in custody by the issuer
Networks: Ethereum Public, permissionless^[1]
Solana Public, permissionless^[1]
Use cases: Investment and trading^[4]
Jurisdictions: United States

Participants

PaxosPlatform provider, Issuer, Custodian^[1]United States
Brink'sCustodian^[3]United States
ICBC Standard BankCustodian^[3]United Kingdom
KPMGAuditor or reserve attestor^[6]United States
WithumAuditor or reserve attestor^[6][3]United States

Operates under

OCC national trust bank charters for digital asset firms (December 2025 cohort)United States · Licence or charter^[5]

Assets

IssuesPAX Gold (PAXG)^[1]

Metrics

$1.83bnTokens outstanding (market value) · as of 11 Oct 2026^[2]
On-chain via rwa.xyz.
$1.82bnTokens outstanding (market value) · as of 17 Oct 2026 · on Ethereum^[3]
On-chain via rwa.xyz (437,569 tokens at $4,164.10); rwa.xyz tracks Ethereum only.
113,504 holdersToken holders · as of 17 Oct 2026^[3]
On-chain via rwa.xyz.
$648.72m / monthToken transfer volume · as of 17 Oct 2026^[3]
rwa.xyz 30-day transfer volume for PAXG alone.
~$1.47bn / monthTransfer volume (all Paxos tokens on the dashboard) · as of Oct 2026context^[4]
On-chain via rwa.xyz; platform-level figure across all Paxos tokens (mostly stablecoins), so shown as context and not counted.

Timeline

No dated events recorded yet.

Sources

[1]PAX Gold — Paxos. Accessed 11 Oct 2026.B
[2]Tokenized commodities dashboard — RWA.xyz. Accessed 11 Oct 2026.A
[3]Paxos Gold asset page — RWA.xyz. Accessed 17 Oct 2026. Lists custodians Brink's Global Services Ltd. and ICBC Standard Bank, auditor WithumSmith+Brown (monthly attestations), and physical redemption from 430 PAXG with London Good Delivery..A
[4]Paxos platform dashboard — RWA.xyz. Accessed 11 Oct 2026.A
[5]Paxos national trust charter and the stablecoins it issues — Paxos. Accessed 12 Oct 2026.B
[6]Paxos | Pax Gold (PAXG) Transparency Reports — Paxos. Accessed 28 Oct 2026. States that attestation reports from 28 Feb 2025 are issued by KPMG LLP and earlier ones by WithumSmith+Brown, PC. The report list itself loads by script..B

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